Zacks Investment Research Lowers Getty Realty (NYSE:GTY) to Sell

Zacks Investment Research lowered shares of Getty Realty (NYSE:GTY) from a hold rating to a sell rating in a research report report published on Saturday morning, Zacks.com reports.

According to Zacks, “Getty Realty Corp. is a real estate investment trust engaged in the ownership, leasing and financing of retail motor fuel and convenience store properties and petroleum distribution terminals in the United States. The company’s properties are leased or sublet to distributors and retailers engaged in the sale of gasoline and various motor fuel products, convenience store products, and automotive repair services. Getty’s properties are operated under a variety of brands including Getty, BP, Exxon, Mobil, Shell, Chevron, Valero, Fina and Aloha. It is also a marketer of heating oil in Pennsylvania and Maryland. Getty Realty Corp. is headquartered in Jericho, New York. “

Separately, ValuEngine raised Zogenix from a buy rating to a strong-buy rating in a research report on Thursday, June 27th.



NYSE GTY opened at $30.56 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of 17.87, a P/E/G ratio of 6.25 and a beta of 0.57. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.71. The firm’s 50 day moving average is $31.17. Getty Realty has a fifty-two week low of $26.50 and a fifty-two week high of $35.03.

Getty Realty (NYSE:GTY) last announced its quarterly earnings data on Tuesday, April 30th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.17). The business had revenue of $33.29 million during the quarter, compared to the consensus estimate of $29.65 million. Getty Realty had a net margin of 35.21% and a return on equity of 8.56%. On average, research analysts expect that Getty Realty will post 1.77 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Thursday, June 20th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Wednesday, June 19th. Getty Realty’s dividend payout ratio (DPR) is presently 81.87%.

A number of institutional investors have recently added to or reduced their stakes in GTY. 6 Meridian lifted its holdings in shares of Getty Realty by 2.3% in the 2nd quarter. 6 Meridian now owns 22,388 shares of the real estate investment trust’s stock valued at $689,000 after purchasing an additional 494 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Getty Realty by 41.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,431 shares of the real estate investment trust’s stock valued at $167,000 after purchasing an additional 1,603 shares during the last quarter. Eii Capital Management Inc. purchased a new stake in shares of Getty Realty in the 2nd quarter valued at about $141,000. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of Getty Realty by 11.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 66,537 shares of the real estate investment trust’s stock valued at $2,130,000 after purchasing an additional 6,790 shares during the last quarter. Finally, Chatham Capital Group Inc. lifted its holdings in shares of Getty Realty by 51.8% in the 1st quarter. Chatham Capital Group Inc. now owns 52,787 shares of the real estate investment trust’s stock valued at $1,691,000 after purchasing an additional 18,017 shares during the last quarter. Institutional investors own 64.96% of the company’s stock.

Getty Realty Company Profile

Featured Story: 52-Week High/Low

Get a free copy of the Zacks research report on Getty Realty (GTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Getty Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Realty and related companies with MarketBeat.com's FREE daily email newsletter.